The International Monetary Fund has approved a nearly $3-billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank. | Reuters
the end of this year and the government hopes the country will emergeby 2026, the president said, as hundreds protested a rise of up to 36 percent in income taxes amid high inflation.Lanka’s
National Consumer Price Index eased year-on-year to 53.2 percent in January, after a 59.2- percent rise in December.Lanka it will try to finalize in the months ahead how it treats debt owed by the-hit nation, according to a letter seen by Reuters, which also reiterated a moratorium for debt due in 2022 and 2023.
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